Pacific Residential Mortgage Rates, Fees & Info
LAKE OSWEGO, ORLEI: 549300TUQC6OYE8A0Y96
Tax ID: 11-3714032
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Mortgage Data
Review & Overview
Pacific Residential Mortgage is a smaller mortgage company specializing in Home Purchase loans. Pacific Residential Mortgage has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Portland, Salem, Albany, Medford, and Bend among others. We have data for 52 markets. (Some data included below & more in-depth data is available with an active subscription.)Pacific Residential Mortgage has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Pacific Residential Mortgage is typically an average fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.
We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.
Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| Home Equity Line of Credit (HELOC) | 6.27% | 4/14/24 |
| 30 Year Conventional Purchase | 6.76% | 4/14/24 |
| 30 Year Conventional Refi | 6.60% | 4/14/24 |
| 30 Year Cash-out Refi | 6.91% | 4/14/24 |
| 30 Year FHA Purchase | 7.62% | 4/14/24 |
| 30 Year FHA Refi | 6.87% | 4/14/24 |
| 30 Year VA Purchase | 6.38% | 4/14/24 |
| 30 Year VA Refi | 6.00% | 4/14/24 |
| 30 Year USDA Purchase | 6.63% | 4/14/24 |
| 15 Year Conventional Purchase | 7.16% | 4/14/24 |
| 15 Year Conventional Refi | 6.19% | 4/14/24 |
| 15 Year Cash-out Refi | 6.19% | 4/14/24 |
| These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates. | ||
Pacific Residential Mortgage Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
2,250Origination Dollar Volume (All Markets)
$647,110,000Awards
PACIFIC RESIDENTIAL MORTGAGE - 2019
PACIFIC RESIDENTIAL MORTGAGE is a 2019 , due to their low .
For 2019, less than of lenders were eligible for this award.
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Top Markets
Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.
| Market | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 1,164 | $372,080,000 | $319,656 | $7,390 | 4.20% |
| SALEM, OR (FHA|USDA|VA) | 321 | $87,025,000 | $271,106 | $6,565 | 4.43% |
| ALBANY-LEBANON, OR (FHA|USDA|VA) | 151 | $35,525,000 | $235,265 | $6,534 | 4.21% |
| MEDFORD, OR (FHA|USDA|VA) | 123 | $31,295,000 | $254,431 | $6,563 | 4.28% |
| BEND, OR (FHA|USDA|VA) | 71 | $19,795,000 | $278,803 | $6,851 | 4.35% |
| Outside of Metro Areas | 87 | $18,465,000 | $212,241 | $5,795 | 4.36% |
| BOISE CITY, ID (FHA|USDA|VA) | 64 | $15,160,000 | $236,875 | $5,021 | 4.12% |
| EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) | 42 | $10,660,000 | $253,810 | $6,109 | 4.26% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 43 | $10,095,000 | $234,767 | $5,358 | 4.09% |
| CORVALLIS, OR (FHA|USDA|VA) | 26 | $7,850,000 | $301,923 | $7,230 | 4.21% |
| Bozeman, MT (FHA|USDA|VA) | 18 | $6,120,000 | $340,000 | $9,885 | 3.80% |
| Ontario, OR-ID (FHA|USDA|VA) | 19 | $3,145,000 | $165,526 | $5,716 | 4.55% |
| Newport, OR (FHA|USDA|VA) | 12 | $3,140,000 | $261,667 | $7,788 | 4.41% |
| GRANTS PASS, OR (FHA|USDA|VA) | 11 | $2,875,000 | $261,364 | $7,437 | 4.69% |
| Klamath Falls, OR (FHA|USDA|VA) | 11 | $2,545,000 | $231,364 | $6,388 | 4.81% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 4 | $2,040,000 | $510,000 | $9,948 | 4.28% |
| The Dalles, OR (FHA|USDA|VA) | 6 | $1,710,000 | $285,000 | $6,450 | 4.37% |
| LONGVIEW, WA (FHA|USDA|VA) | 5 | $1,395,000 | $279,000 | $6,463 | 3.30% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 4 | $1,390,000 | $347,500 | $4,383 | 4.47% |
| Roseburg, OR (FHA|USDA|VA) | 6 | $1,290,000 | $215,000 | $5,874 | 4.12% |
| Astoria, OR (FHA|USDA|VA) | 5 | $1,165,000 | $233,000 | $6,065 | 4.42% |
| Prineville, OR (FHA|USDA|VA) | 5 | $1,125,000 | $225,000 | $6,068 | 4.52% |
| Hermiston-Pendleton, OR (FHA|USDA|VA) | 6 | $1,120,000 | $186,667 | $6,852 | 4.48% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 3 | $865,000 | $288,333 | $7,898 | 4.67% |
| Coos Bay, OR (FHA|USDA|VA) | 3 | $805,000 | $268,333 | $5,813 | 4.54% |
| OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) | 5 | $775,000 | $155,000 | $4,932 | 4.43% |
| Centralia, WA (FHA|USDA|VA) | 3 | $735,000 | $245,000 | $9,036 | 4.50% |
| Hood River, OR (FHA|USDA|VA) | 2 | $680,000 | $340,000 | $5,194 | 3.93% |
| SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) | 3 | $605,000 | $201,667 | $4,295 | 5.13% |
| Oak Harbor, WA (FHA|USDA|VA) | 1 | $465,000 | $465,000 | $3,968 | 4.63% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 1 | $465,000 | $465,000 | $3,338 | 5.13% |
| BILLINGS, MT (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $7,701 | 3.88% |
| Port Angeles, WA (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $9,944 | 4.13% |
| TWIN FALLS, ID (FHA|USDA|VA) | 3 | $325,000 | $108,333 | $2,600 | 4.58% |
| Shelton, WA (FHA|USDA|VA) | 2 | $320,000 | $160,000 | $5,878 | 4.44% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $12,097 | 4.00% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $4,154 | 5.13% |
| La Grande, OR (FHA|USDA|VA) | 2 | $260,000 | $130,000 | $4,181 | 4.56% |
| Moses Lake, WA (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $6,245 | 4.50% |
| FORT COLLINS, CO (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $2,871 | 4.75% |
| PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $4,188 | 5.63% |
| FRESNO, CA (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $12,806 | 4.25% |
| LEWISTON, ID-WA (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $1,139 | 4.13% |
| Payson, AZ (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $5,147 | 4.63% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $4,076 | 3.75% |
| BELLINGHAM, WA (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $5,775 | 3.88% |
| Gaffney, SC (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $6,363 | 4.13% |
| KENNEWICK-RICHLAND, WA (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $3,324 | 5.63% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $5,242 | 3.75% |
| ANCHORAGE, AK (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $9,146 | 4.25% |
| YUMA, AZ (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $4,019 | 3.88% |
| Show Low, AZ (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $3,635 | 5.25% |
Similar Lenders
We use machine learning to identify the top lenders compared against PACIFIC RESIDENTIAL MORTGAGE based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
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Product Mix
For 2019, Pacific Residential Mortgage's most frequently originated type of loan was Conventional, with 1,660 originations. Their 2nd most popular type was FHA, with 335 originations.
Loan Reason
For 2019, Pacific Residential Mortgage's most frequently cited loan purpose was Home Purchase, with 1,415 originations. The 2nd most popular reason was Cash Out Refi, with 437 originations.
Loan Duration/Length
For 2019, Pacific Residential Mortgage's most frequently cited loan duration was 30 Year, with 2,131 originations. The 2nd most popular length was 15 Year, with 68 originations.
Origination Fees/Closing Costs
Pacific Residential Mortgage's average total fees were $7,011, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 607 originations.
Interest Rates
During 2019, Pacific Residential Mortgage's average interest rate for loans was 4.30%, while their most frequently originated rate bucket for loans was 4-5%, with 1,137 originations.
Loan Sizing
2019 saw Pacific Residential Mortgage place emphasis on $200k-400k loans with 1,465 originations, totaling $424,965,000 in origination value.
Applicant Income
Pacific Residential Mortgage lent most frequently to those with incomes in the $50k-75k range, with 543 originations. The second most popular income band? $75k-100k, with 533 originations.
Applicant Debt to Income Ratio
Pacific Residential Mortgage lent most frequently to those with DTI ratios of 30-36%, with 389 originations. The next most common DTI ratio? 20-30%, with 369 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications97.63%
Pacific Residential Mortgage has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination64.58%
Pacific Residential Mortgage has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 2,250 | $647,110,000 | $287,604 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Manufactured | 69 | $14,645,000 | $212,246 |
| Single Family (1-4 Units):Site-Built | 2,181 | $632,465,000 | $289,989 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2019 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| Pacific Union Financial, LLC | FHA mortgage | Trouble during payment process | 2 | 22.2% |
| Pacific Union Financial, LLC | Conventional home mortgage | Trouble during payment process | 2 | 22.2% |
| Pacific Union Financial, LLC | FHA mortgage | Struggling to pay mortgage | 2 | 22.2% |
| Pacific Union Financial, LLC | VA mortgage | Trouble during payment process | 1 | 11.1% |
| Pacific Union Financial, LLC | Other type of mortgage | Struggling to pay mortgage | 1 | 11.1% |
| Pacific Union Financial, LLC | Other type of mortgage | Trouble during payment process | 1 | 11.1% |